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  5. 23andMe Holdings and several affiliates file for Chapter 11 bankruptcy protection

23andMe Holdings and several affiliates file for Chapter 11 bankruptcy protection

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23andMe, a genetic testing company, has filed for Chapter 11 bankruptcy protection in the United States. The company's co-founder and CEO, Anne Wojcicki, has resigned, and her position will be taken over by Chief Financial Officer Joe Selsavage on an interim basis. 23andMe aims to continue operating normally while it goes through the asset sale process, during which it will sell "substantially all of its assets" through a court-approved reorganization plan. The company's 15 million customers' genetic data is at stake in this process.

  1. US
    Rob Bonta
    US Attorney's Office
    1. California has robust privacy laws that allow consumers to take control and request that a company delete their genetic data.
  2. US
    Mark Jensen
    23andMe
    1. We are committed to continuing to safeguard customer data and being transparent about the management of user data going forward, and data privacy will be an important consideration in any potential transaction.
  3. US
    Anne Wojcicki
    23andMe
    1. There is no doubt that the challenges faced by 23andMe through an evolving business model have been real, but my belief in the company and its future is unwavering.

sources

  1. 1.Al Jazeera
  2. 2.CTV News
  3. 3.Ars Technica
  4. 4.ABC News (Australia)

perspectives

  1. 1.Tech industry
  2. 2.Lawsuit
  3. 3.Regulation
  4. 4.Healthcare
  5. 5.Privacy Rights
  6. 6.Bankruptcy
  7. 7.Biology
  8. 8.DNA Testing

countries

  1. 1.United StatesUS

organizations

  1. 1.23andMe
  2. 2.Bonta
  3. 3.AncestryDNA
  4. 4.Bernstein Research
  5. 5.Biobank
  6. 6.Blackstone Group
  7. 7.GlaxoSmithKline
  8. 8.US Bankruptcy Court

persons

  1. 1.Anne WojcickiUS
  2. 2.Rob BontaUS
  3. 3.James Purtill
  4. 4.Joe Selsavage
  5. 5.Mark JensenUS
  6. 6.Richard BransonGB

technicals

  1. 1.Chapter 11
  2. 2.Genetic Information Nondiscrimination Act
23andMe Holdings and several affiliates file for Chapter 11 bankruptcy protection